LFG Wealth Partners LLC Acquires Shares of 78,414 Eni SpA $E

LFG Wealth Partners LLC acquired a new stake in shares of Eni SpA (NYSE:E) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 78,414 shares of the oil and gas exploration company’s stock, valued at approximately $2,975,000. ENI makes up about 1.9% of LFG Wealth Partners LLC’s holdings, making the stock its 12th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of E. Manchester Capital Management LLC raised its stake in ENI by 56.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock valued at $46,000 after buying an additional 437 shares in the last quarter. Advisory Services Network LLC acquired a new stake in ENI during the third quarter valued at approximately $47,000. Larson Financial Group LLC raised its stake in ENI by 37.5% during the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after buying an additional 378 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in ENI during the third quarter valued at approximately $48,000. Finally, Global Retirement Partners LLC raised its stake in ENI by 320.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,375 shares of the oil and gas exploration company’s stock valued at $52,000 after buying an additional 1,048 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

E has been the subject of several recent research reports. Royal Bank Of Canada upped their target price on ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, April 9th. Rothschild & Co Redburn raised ENI from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th. Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. BNP Paribas Exane raised ENI from a “neutral” rating to an “outperform” rating and set a $64.30 target price for the company in a report on Friday, April 17th. Finally, Erste Group Bank raised ENI to a “strong-buy” rating in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, ENI has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.

ENI Stock Down 4.1%

NYSE:E opened at $51.32 on Tuesday. The firm has a market capitalization of $86.63 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 0.23 and a beta of 0.38. The stock has a 50 day moving average of $54.55 and a 200-day moving average of $46.96. Eni SpA has a 52 week low of $31.86 and a 52 week high of $58.00. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.

ENI (NYSE:E) last issued its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%.The business had revenue of $23.22 billion during the quarter. Analysts predict that Eni SpA will post 6.07 EPS for the current year.

ENI Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.6313 per share. This represents a $2.53 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, May 19th. This is an increase from ENI’s previous quarterly dividend of $0.61. ENI’s dividend payout ratio is 99.43%.

About ENI

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low?carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.